Sally Beauty (SBH) Cut to Hold at Zacks Investment Research

Sally Beauty (NYSE:SBH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “Sally Beauty Holdings, Inc. is an international specialty retailer and distributor of professional beauty products supplier. Through the Sally Beauty Supply and Beauty Systems Group businesses, the Company sells and distributes through world. Sally Beauty Supply stores offer up to 9,000 products for hair, skin, and nails through professional lines such as OPI, China Glaze, Wella, Clairol, Conair and Hot Shot Tools, as well as an extensive selection of proprietary merchandise. Beauty Systems Group stores, branded as CosmoProf or Armstrong McCall stores, along with its outside sales consultants, sell up to 10,000 professionally branded products including Paul Mitchell, Wella, Matrix, Schwarzkopf, Kenra, Goldwell, Joico and Aquage, intended for use in salons and for resale by salons to retail consumers. “

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A number of other equities analysts have also commented on the stock. ValuEngine lowered shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Oppenheimer reiterated a “hold” rating on shares of Sally Beauty in a report on Wednesday, January 31st. Buckingham Research cut their price objective on shares of Sally Beauty from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 6th. BMO Capital Markets set a $18.00 price objective on shares of Sally Beauty and gave the stock a “hold” rating in a report on Thursday, February 8th. Finally, Robert W. Baird set a $21.00 price objective on shares of Sally Beauty and gave the stock a “buy” rating in a report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.50.

NYSE:SBH opened at $15.79 on Thursday. The company has a current ratio of 1.97, a quick ratio of 0.38 and a debt-to-equity ratio of -5.17. The firm has a market cap of $2,059.19, a P/E ratio of 8.77, a price-to-earnings-growth ratio of 1.01 and a beta of 0.34. Sally Beauty has a twelve month low of $14.05 and a twelve month high of $21.36.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, February 8th. The specialty retailer reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.26. The business had revenue of $994.96 million for the quarter, compared to analyst estimates of $990.18 million. Sally Beauty had a net margin of 6.17% and a negative return on equity of 72.22%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 EPS. sell-side analysts forecast that Sally Beauty will post 2.38 EPS for the current year.

Several institutional investors have recently modified their holdings of the company. Meadow Creek Investment Management LLC raised its stake in shares of Sally Beauty by 27.5% in the 4th quarter. Meadow Creek Investment Management LLC now owns 14,080 shares of the specialty retailer’s stock valued at $264,000 after purchasing an additional 3,036 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Sally Beauty by 8.6% in the 3rd quarter. Stifel Financial Corp now owns 39,693 shares of the specialty retailer’s stock valued at $778,000 after purchasing an additional 3,144 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its stake in shares of Sally Beauty by 5.4% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 61,584 shares of the specialty retailer’s stock valued at $1,155,000 after purchasing an additional 3,170 shares in the last quarter. ING Groep NV raised its stake in shares of Sally Beauty by 20.4% in the 4th quarter. ING Groep NV now owns 19,380 shares of the specialty retailer’s stock valued at $364,000 after purchasing an additional 3,290 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Sally Beauty by 1.3% in the 4th quarter. Sei Investments Co. now owns 289,284 shares of the specialty retailer’s stock valued at $5,427,000 after purchasing an additional 3,833 shares in the last quarter.

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About Sally Beauty

Sally Beauty Holdings, Inc, together with its subsidiaries, operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care, skin and nail care, beauty sundries, and styling tools for retail customers and salon professionals.